Locking In
ACT can “lock-in” trades in one of several ways. With a trade by trade match both parties enter trade reports, and the system immediately conducts an online match. Trade acceptance occurs when the reporting party enters its version of the trade and the contra-party accepts or rejects it. If the report is accepted, the trade will be locked in; if it is rejected, the report will be purged from the system. An Aggregate Volume Match refers to the attempt at t